Entrepreneurship

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Entrepreneurship

  1. 1. ENTREPRENEURSHIP
  2. 2. He is an innovator; Carries new combinations in everchanging environment. It processes economical, social and technological development.  A manager is one who manages all the resources to match with the organizational needs. The entrepreneurship is very a old concept according to which any one who runs business is called an entrepreneur.
  3. 3. Model of Enterpreneur. Business Indivadual Enterpreneur Initiates Organises Manages controls Risk taking Innovator Pools up resources
  4. 4. Countries economical development. Possesses Skilles, knowledge, spirit of innovations. Dynamic activity production,Business, :Brings new change in Ideas,resources,new market. Entrepreneur is one who understands the market dynamics and searches for change respond to it and exploit it as an opportunity
  5. 5. The word „entrepreneur‟ is derived from the French verb „enterprendre‟. It means “to undertake”. Around 1700 A.D. the term was used for architects and contractor of public works Oxford Dictionary :“A person who sets up a business or businesses, taking on financial risks in the hope of profit. International Encyclopedia :“An individual who bears the risk of operating a business in the face of uncertainty about the future conditions.
  6. 6. The history of entrepreneurship is important worldwide, even in India. Times the India :-trade and business Indians were experts in smelting of metals such as brass and tin. Kanishka Empire in the 1st century started nurturing Indian entrepreneurs and traders. Roman Empire  Portuguese  and then English . From the 1950s until the 1980s, India followed socialist-inspired policies. The economy was shackled by extensive regulation, protectionism, and public ownership, leading to corruption and slow growth.
  7. 7. The history of entrepreneurship is important worldwide, even in India. Based on a simple division of labor. The farmers cultivated the soil and tended cattle Classes of people weavers, goldsmiths, carpenters, potters, surgeons, etc. called
  8. 8.  Entrepreneur is highly Goal Oriented Enthusiastic Energetic
  9. 9. Ideas Market strategies Scan and select Govt. rules  Selection on product and Loc.(plant) Budget and Capital Selection on work force Type of business organization
  10. 10. NEW BUSINESS VENTURING INNOVATIONS PROACTIVENESSES SELFRENEWAL
  11. 11. POINTS INTRAPRENEUR ENTREPRENEUR MANAGER Goal Management Independent ,new innovations Independent :Starts new businesses Supervises Status Not Concerned Not Concerned Concerned Risk Moderate Risk and Uncertain No Risk Rewards Fixed ; may be extra Depending Fixed innovation innovative Very innovative Manages Ideas Decision Making Moderate Very much Involved Manages top level decisions
  12. 12. 1 • IDENTIFIATION of opportunity 2 • EVALUATION of opportunity 3 • PREPARATION OF THE BUSINESS plan 4 • DETMINATION and Organizing resources 5 • Management of the ENTREPRISE
  13. 13. 1 • Changing the structure of business or society 2 • These changes increases growth & high O/P 3 • Innovation (new product, services, investment) 4 • Demand 6 • Awareness of product evolution process. 7 • Effects Economy (creating new products, JOBS) 8 • Creating Employment to people. . . Supply
  14. 14. 1 • Lack of capital……….investment……… 2 • Lack of technical knowledge…………….skills 3 • Economical BUSINESS CYCLES 4 • Non availability of RAW MATERIALS ….RESOURCES 5 • Government regulations 6 • Obsolescence of technology or IDEA 7 • Unstable/Unpredictable Market 8 • Globalization :Entry of new PRODUCTS 9 • Risk
  15. 15. Growth of Small Scale industries EDP focuses on entrepreneurship qualities Provides Knowledge to solve PROBLEMS & DIFFICULTIES
  16. 16. 1 • Lack of capital……….investment……… 2 • Lack of technical knowledge…………….skills 3 • Economical BUSINESS CYCLES 4 • Non availability of RAW MATERIALS ….RESOURCES 5 • Government regulations 6 7 • Obsolescence of technology or IDEA • Unstable/Unpredictable Market
  17. 17. 1 • Develop and Strengthen Entrepreneurial qualities 2 • ledge…………….skills 3 • Economical BUSINESS CYCLES 4 • Non availability of RAW MATERIALS ….RESOURCES 5 • Government regulations 6 7 • Obsolescence of technology or IDEA • Unstable/Unpredictable Market

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